If you've ever thought about investing in a company, you've likely heard the term IPO, but what does it actually mean? We'll break down how a company goes public and why it's a big deal for both the business and potential investors.
Investment firm Pershing Square is planning an IPO, making headlines because it's unusual for an established hedge fund to go public.
Bill Ackman's Pershing Square Capital Management, a well-known hedge fund, is reportedly preparing to list its investment vehicle, Pershing Square Holdings (PSH), on the New York Stock Exchange.